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Loan FAQ

Why To Choose Floating Rate of Interest ?

If one has opted for a loan at floating rate of interest he / she needs to know about Floating Rate of Interest. Check out the most important point before opting the Floating Rate of Interest. The Base / Reference rate of the bank to which the floating rate of interest is linked; Whether the spread / margin can change during the tenure of the loan; Whether the agreement specifies a 'minimum interest rate' clause. (This would mean that even if the...

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Loan FAQ

What is Floating Rate of Interest ?

Floating Rate of Interest -A floating interest rate is a variable interest rate which can change over the duration of the loan / credit facility. The applicable interest rate on the loan moves up and down with the market rates or along an index.

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Banking News

7th Pay Commission Salary Calculator

7th Pay Commission Salary Calculator - The recommendation of 7th Pay commission by Justice Mathur have been submitted to finance minister for implementation from 01st January 2016 to all the Government Employees including pensioners. This should be learning and eye opener for Nationalized Bank Unions. Anyway the recommendation of the pay commission is very attractive especially for lower level of job profiles. Few of the recommendation made by the Justice Mathur 7th Pay Commission Salary are : There should be...

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Jeevan Pramaan

How To Apply Jeevan Pramaan? FAQ

How To Apply Jeevan Pramaan? - Jeevan Pramaan is computer generated digital life certificate for pensioner. Jeevan Pramaan Certificate is produced for individual pensioner using his Biometric Credentials with Adhaar Seeding. How is this different from traditional Life Certificate issued by Govt Officers/ Agencies? For this certificate individual pensioner has not to present himself/ herself in front of seniors authorised Officers. This can be generated even from home. Only you need a internet connection and Biometric devices. What is required...

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Banking News

7th CPC Salary Calculator

7th CPC Salary Calculator - Calculate expected salary for Central Government Employees as well as pensioners. This is the calculator designed to calculate the expected new salary to employees of the central government based on the recommendation of the 7th CPC pay commission. It is heard that the concept of the Grade Pay system will be abolished from the 7th Pay commission with new theory of 2.86 component with CCA. The expected salary as per the grade of the different...

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Wage Revision

Download Bank Wage Revision Arrear Calculator in Excel

Download Bank Wage Revision Arrear Calculator in Excel - 10th Bipartite settlement is finally completed with declaration of revised salary for bank employees. The Salary at the various level of officers and clerks are revised with introduction of new special pay system in banking sector. The calculation has become very complicated as the data needed to be updated since 01-11-2012 if the arrears needed to be calculated. Excel Utility has been created for Wage Revision Calculation for Bankers. This Excel...

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Wage Revision

10th Bipartite Wage Revision Arrear Calculator Officers

10th Bipartite Wage Revision Arrear Calculator Officers - The 10th Bipartite Salary Revision for Bankers is almost done with Pay scale and other structure. The new system of Grade pay is introduced first time in banking sector as per the Grade Pay system of Central Government Employees. The New Pay structure of the Officers as per the 10th Bipartite is from 23700 to 85000. The DA slab is reduced to 0.10% now as compare to 0.15 previously. Officers employees may...

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Wage Revision

10th Bipartite Salary Arrears Calculator – Clerks

10th Bipartite Salary Calculator - Clerks  - Finally after three years of struggle bankers received the confirmation of their confirmed salary hike. The workman union has finally made IBA to agree on the Pay scale and other perks as per the term of IBA settlement agreement for 10th Bipartite Settlement. As per the new settlement for Wage Revision under 10th Bipartite the New Pay scale for the Clerks in Bank would be : Pay Scales: from 1-11-2012 Clerk:   11765 –...

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